Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i just need the wrong answer, everything else is completed May 1 Prepared a company check for 44$3 to establish the petty cash fund. May

image text in transcribed
i just need the wrong answer, everything else is completed
May 1 Prepared a company check for 44$3 to establish the petty cash fund. May 15 Prepared a conpany check to replenish the fund for the following expenditures made since May 1. May 15 a. Paid \$16e for janitorial services. hay 15 b. Paid $120 for miscellaneous expenses. May is c. Paid postage expenses of $80. May is d. Paid $41 to Facebook for advertising expense. May 15e. Counted $63 retaining in the petty cash box. May 16 Prepared a coepany check for $150 to increase the fund to $600. May 31 The petty cashier reports that $240 cash remains in the fund. A conpany check is drawn to replenish the fund for the following expenditures made since May 15. May 31 f. Paid postage expenses of \$205. May 31 g. Reirbursed the office nanager for business aileage, $103. May 31h. Pafd $34 to deliver merchandise to a customer, terns fob destination. May 31 The corpany decides that the May 16 increase in the fund was too large. It reduces the fund by $120, 1 eaving a total of \$age. (X) Answer is not complete. Indicate the impact each transaction had on net income. Noter Decreases to net income should be indicated with a minus sign

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Modern Auditing And Assurance Services

Authors: Philomena Leung, Paul Coram, Barry J. Cooper, Peter Richardson

5th Edition

1742168450, 978-1742168456

More Books

Students also viewed these Accounting questions

Question

3. What are some team decision-making strategies? (LO 8-2)

Answered: 1 week ago